Jones Lang Lasalle Inc 8-K, filed Sep 30, 2026
Jones Lang Lasalle Inc (JLL)
8-K
2026-09-30
For: 2026-09-28
View Original
Added on
September 30, 2026
About this 8-K
Jones Lang Lasalle Inc filed this 8-K on September 30, 2026, reporting on events of September 28, 2026.
Items reported
- Item 5.02: Director or officer change, or executive pay
United States
Securities and Exchange Commission
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 28, 2026
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On September 30, 2026, Jones Lang LaSalle Incorporated (the “Company”) announced that Mihir Shah, who currently serves as Chief Executive Officer of Jones Lang LaSalle Technologies and as a member of the Company’s Global Executive Board, will leave the Company effective April 1, 2027 (the “Separation Date”).
(e) In connection with Mr. Shah’s departure, the Company and Mr. Shah have entered into a Separation Agreement and General Release, dated September 28, 2026 (the “Separation Agreement”), which provides that in addition to continuation of his current annualized base salary through the Separation Date and payment of a 2026 Annual Incentive Plan bonus payment payable in March 2027, subject to Mr. Shah’s execution and non-revocation of the Separation Agreement, Mr. Shah will be eligible to receive each of the following, less applicable withholding:
• a severance payment equal to 54 weeks of his current base salary, or $675,000;
• a pro-rated payment under the Company’s Annual Incentive Plan for his service in the year of termination, in the gross amount of $590,000; and
• an additional payment equal to one times his target annual incentive, or $2,360,000.
Mr. Shah’s outstanding equity awards under the Company’s Stock Award and Incentive Plan, including restricted stock units and performance share units granted under the Global Executive Board Long Term Incentive Compensation Plan, will be treated in accordance with the terms of the applicable award agreements and the Company’s severance plan in effect as of the effective date of the Separation Agreement, which currently provides for pro-rated vesting of outstanding awards based on Mr. Shah’s service, with the unvested portion of each award forfeited as of the Separation Date. Mr. Shah’s participation in the Company’s group health and welfare benefit plans will end as of the Separation Date, subject to his right to elect continued coverage under COBRA, and the Company will reimburse the employer’s share of up to 12 months of COBRA premiums, or until Mr. Shah secures new employment with health benefits, whichever occurs first. His rights, if any, under the Company’s 401(k) Retirement and Savings Plan and U.S. Deferred Compensation Plan will continue to be governed by the terms of those plans.
Mr. Shah’s receipt of certain of the payments and benefits described above is conditioned on his execution and non-revocation of a general release of claims in favor of the Company. The Separation Agreement also contains customary restrictive covenants, including a twelve-month post-separation non-solicitation covenant and confidentiality obligations.
The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the Separation Agreement, which the Company intends to file as an exhibit to its Quarterly Report on Form 10-Q.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 30, 2026 | |||||||||||
| Jones Lang LaSalle Incorporated | |||||||||||
| By: /s/ Alan K. Tse | |||||||||||
| Name: Alan K. Tse | |||||||||||
| Title: Global Chief Legal Officer | |||||||||||